(UPDATE: New York, NY, 11/15/2019 – Commercial Building Energy Retrofits Now Eligible For 100% Financing Under NYC Local Law 96)

Let Urbanstrong help finance your building upgrades

Together with our lending partners, Urbanstrong offers 100% financing of all hard and soft costs for a wide range of energy improvements.  Building owners can now modernize their buildings, lower energy costs to increase their bottom line, and comply with local law requirements, all for ZERO MONEY DOWN. We’ll finance for your energy efficiency project whether it’s voluntary or mandated (like NYC Local Law 92, 94 and 97). Payback terms are up to 25 years, so building owners can spread payments out over time, for a positive cash flow from day one.

Why is PACE Financing so Good for
Building Owners & Developers?

C-PACE provides 100% up-front financing and is repaid through an assessment placed on the building owner’s property by their municipality, similar to a sewer assessment. The loan stays with the building and is transferred during a change of ownership.
This makes C-PACE great for building owners or developers looking to green their buildings but
possibly sell without waiting around for long term benefits.

  • Low interest, typically 6-6.5%
  • 20+ year payback terms
  • Loan is self-amortizing
  • No balloon payments
  • Repaid as line item on property taxes
  • Transfers to next owner upon sale
  • Savings often exceeding payments
  • Immediate Positive Cashflow
Upgrading your building? Save your cash.
Let these retrofits pay for themselves over 25 years:
  • Green Roofs (see ‘NYC Local Laws’ below)
  • Solar Panels (see ‘NYC Local Laws’ below)
  • LED and other Efficient Lighting
  • Solar Thermal
  • Energy Storage / Battery Back-up
  • HVAC Systems
  • Boilers & Chillers
  • Hot Water Heating
  • Pumps
  • Air Handlers
  • Air Sealing
  • Automated Controls
  • Micro-Wind
  • Fuel Cells
  • Building Envelope
  • Insulation
  • Windows
  • …and all Associated Soft Costs

Which building types are eligible for financing?

Almost any type of commercial property is eligible. This financing is great for:

  • Co-ops (not condos at this time)
  • Owners of multiple mid-size buildings
  • Small-to-Med Size Portfolios
  • Developers
  • Market-Rate Multifamily
  • Hotels, Budget or Boutique
  • Industrial
  • Office
  • Retail
  • Non-Profit
  • Agricultural
  • …and many others. Just ask us!
Benefits of C-PACE for Building Owners
  • 100% upfront financing – no money down
  • No personal or corporate guarantee required
  • Easy qualification and funding process
  • Preserve capital expenditure
  • Transferrable upon building sale
  • Off balance sheet
  • Better alternative to equity
  • Capital at lower cost than mezzanine debt
  • Improved capital stack for large scale projects
  • Owner keeps all rebates and tax incentives

How does C-PACE help building owners?
C-PACE (Commercial Property Assessed Clean Energy) is an innovative voluntary financing solution that makes green energy upgrades accessible and affordable for building owners across New York and over 20 other states. The program is a public-private-partnership enabled by state law and county/municipal ordinance, designed to help commercial building owners invest in their property while seeing day-one savings.

Save your money – let your building upgrades pay for themselves
Eligible Work Related to
Solar Panels and Green Roofs
(and NYC Local Laws 92, 94, 97)

In addition to the actual solar panels and green roofing materials (i.e.: NYC Sustainable Roofing Zone), C-PACE financing also covers many of the associated work required to support these technologies, including:

Solar Green Roof NYC Local Law
  • Re-Roofing
  • Waterproofing
  • Elevator Roof Extensions
  • Roof Egress (stairs/elevator)
  • Structural Reinforcement
  • Structural Engineering Surveys
  • Engineering & Design
  • Permits & Inspections
  • Prepaid Maintenance Contracts
  • …and all Associated Soft Costs
Solar Green Roof NYC Local Law

Financing Your Building Upgrades With Urbanstrong

When you let Urbanstrong and our lending partners help you with financing for your energy retrofits, we do all the legwork for you including the engineering review, energy engineering, paperwork, and loan approvals.

We will finance projects built by other contractors.

Urbanstrong’s lending partners closed the first ever C-PACE program back in 2014 and have since closed over $150 million in deals. They provide financing in 19-C-PACE states as well as Washington DC, and are the nation’s leading commercial-PACE company.

Get in touch with us today for an easy, hassle-free chat about your project. We can discuss your goals and maybe give you some ideas for other building improvements you can make while you’re at it.
We look forward to hearing from you.

Tell us about your building

Save your money – let your building upgrades pay for themselves